CAclubindia Articles

XBRL- Basics

CA Abhishek 13 March 2013 at 11:17

What is XBRL? XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business in

Independent Director's role for effective Board Room!

Kannan Iyappan 13 March 2013 at 11:17

Independent directors are known to bring an objective view in board deliberations. They also ensure that there is no dominance of one individual or special interest group or the stifling of healthy debate. They act as the guardians of the interest

Five Reasons to invest in Debt Funds

Ramalingam K 13 March 2013 at 11:17

Though debt funds have got their own advantages, they are mostly ignored by common investors. Debt funds have got a unique place in your portfolio. Here are five simple situations, in which debt funds can be used by prudent investors. 1) To m

Burden of proof to claim interest expenditure is on the assessee

Rupesh Srivastava 11 March 2013 at 12:09

S. 14A , burden of proof to claim interest expenditure is on the assessee. Subscribe TaxCorp e-Practice for the full report and to receive daily updates on Tax Laws. As informed in 11th Sep. 2012 and reported in (2012) 6 TaxCorp (DT) 52547 (SC), Inv

Your intelligence can be a handicap?

Durga Rao 11 March 2013 at 12:09

When a student pursues his academics well, is hard-working and is getting good grades, then, everyone appreciates him or her. Then, even the friends will give all the recognition, parents will feel very proud of and relatives also openly appreciat

Internal Control as Management tool!

Kannan Iyappan 09 March 2013 at 11:29

Senior management continually seeks ways to improve control over the organizations they lead. Internal controls are implemented to keep public or private enterprises, non-profit and other entities regardless of size on course toward

Internal Audit Checklist for Statutory Dues and Credit

CA Ayush Agarwal 09 March 2013 at 11:29

Dear All Internal Auditor, Audit Check List is Must for Audit. Through Only You can Know What Left and What Done. Input credit (Cenvat Credit):- 1. Cenvat Credit refers to availing (taking) credit of excise duty charged on

Career In Company Secretary - Essential Points To Know

Manjit Banga 09 March 2013 at 11:29

Everybody has some career goals in mind. Something they are thinking of doing or becoming . For commerce students, there are many avenues where they can build up a good career in the future. Company secretary course is one such course which can be t

Campus Preparation

nikhil jand 08 March 2013 at 12:00

Search for Roti, Kapda & Makan begins for a Chartered Accountant as soon as he clears his final examination and finally the Institute of Chartered Accountant of India is ready to help them in getting Roti ,Kapda&Makan through Campus placem

Union Budget at glance Direct and Indirect

CA.Hanumantha Reddy 06 March 2013 at 12:29

Budget at glance for financial year 2013-2014 DIRECT TAXES Corporate tax rates remain unchanged Surcharge Domestic companies: Surcharge has been increased to 10% from 5% if the total income exce